Some of the concepts roll over to multi family as wellSome costs during operating period including but not limited-Initial Phase-Leasing commission one time for 1st month( if using broker) (depend on broker fee structure)Property mgt fees (depend on broker fee structure)Landscape costsRekeying your house or change locksCleaning property Vacancy Any repairs During occupancy-TaxesInsurance Property mgt fees (not included if you're managing)RepairsRental permit (depends on city)Feel free to ask any questions -Kevin

Ask questions / read the forums /listen to the podcasts on BP loads of information.Best wishes on your new ventures!

Im not big on operational partners and am not advocating taking one on... but if the price is right there is always money to be made selling the place.....

I have found success investing OOS with a full TK operation (rehabbed, 3rd party inspected, and a tenant placed with in-house management).

Figured out how many people walked through that area, whether they were walking with or without a load.

Hey Joshua I’m also looking to buy in the Gatlinburg area for VR. would like to hear about your experience operating from a distance.

According to 399-ccc: “It shall be unlawful for any person or entity to distribute, sell, offer for sale, or import any solely battery operated smoke detecting alarm device powered by a replaceable, removable battery not capable of powering such device for a minimum of ten years.”

I installed either one or two coin operated washers and dryers in the basement area since in upstate NY we have basements.

You'll need to separate your assets (either by using a Series-LLC or individual LLC with assessed distribution of assets by LLC) and you'll need to separate your passive (asset holding entities) from active operations (the property management side).After you took care of all this you can look into other more complicated/expensive strategies like you describe (equity stripping).Here is a diagram to help you on this quest - talk with @Scott Smith for professional advice on this:

So on one end of the spectrum, I do deals that would be a flat fee type structure I'm assuming, and on the other end I have deals that would operate like a traditional loan but with a balloon.